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Monday, 19 April 2010

SARS ’ lifestyle audits dig deep to find hidden assets

There have been a number of reports in the media recently regarding lifestyle audits that may be carried out by the South African Revenue Service (SARS), which has various information-gathering powers to carry out its mandate under the South African Revenue Service Act of 1997 and various fiscal statutes.

SARS is required to ensure that taxpayers comply with their tax obligations imposed under the various tax laws...read the full article by clickinghere.